Author: abenasser
China’s Economy Slows Sharply as Housing Troubles Squeeze Spending – The New York Times
After a strong start to the year, spending has slumped as a real estate downturn weighs on consumers. Communist Party leaders are meeting this week to discuss what to do about it. Economic growth slumped in China through the spring after a strong start this year, according to data released on Monday, as a real estate crash caused consumers to spend more cautiously. The latest growth statistics for the world’s second-largest economy, covering April through June, put further pressure on the Communist Party as its leaders gathered on Monday in…
Read MoreHere is how RERA’s new rent index changed Dubai property dynamics – Gulf News
Now that the impact of the revised RERA rental index is being felt, the next obvious question will be on how long the spike in rents will continue. Image Credit: Supplied The Dubai real estate market has been busier than ever this year, though not without its share of challenges. I think the most notable thing about the first six months of 2024 is that they have marked a period of change for the market – and for the real estate industry as a whole. There have been updates to…
Read MoreSanta Cruz Housing Market 2024: Trends and Forecast – Norada Real Estate Investments
Currently, the Santa Cruz housing market teeters between favoring both buyers and sellers. While buyers may benefit from a slight decrease in prices and a reasonable inventory, sellers still have the advantage of competitive bidding and the potential for homes to sell above the list price. As such, it’s essential for both parties to approach transactions with careful consideration and a keen awareness of prevailing market conditions. Let’s delve into the current house prices and trends in Santa Cruz. How is Santa Cruz Housing Market Doing Currently? The Santa Cruz…
Read MoreDubai: New Residents Beat Rising Rents By Buying Properties Within 2 Years Of Arrival – MENAFN.COM
(MENAFN– Khaleej Times) New Dubai residents are moving faster from renting to owning properties to beat the rising rents in the emirate, as they plan to stay for a longer period, thereby helping absorb the new supply that is coming to the market. Population growth in Dubai continues to fuel rental transactions, particularly in new developments where a significant percentage of the newly completed projects get absorbed by the rental market. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Rents in Dubai surged up to…
Read MoreNortheast Florida housing market reportedly showing signs of stabilization during rising interest rates – WOKV
JACKSONVILLE, Fla. — The Northeast Florida housing market is showing signs of stabilization amidst a rising interest rate environment. Although the median price of single-family homes rose 1.3% to $405,000, other indicators suggest the market has balanced out as interest rates around 7% impact buyers. >>> STREAM ACTION NEWS JAX LIVE <<< Housing inventory across the region increased by more than 31% to 7,764 homes, the highest since January 2019, providing a 4.1-month supply. Closed sales declined nearly 11% to 1,907, and pending sales fell 35% to 1,261 homes, both…
Read MoreDubai: New residents beat rising rents by buying properties within 2 years of arrival – Khaleej Times
Published: Sun 14 Jul 2024, 1:04 PM New Dubai residents are moving faster from renting to owning properties to beat the rising rents in the emirate, as they plan to stay for a longer period, thereby helping absorb the new supply that is coming to the market. Population growth in Dubai continues to fuel rental transactions, particularly in new developments where a significant percentage of the newly completed projects get absorbed by the rental market. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Rents in…
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